South Carolina Cyber Liability Coverage – The Story Thus Far…

In Crypto X Strikes Again! Part 1 (which you can read by clicking South Carolina Cyber Liability Insurance), the infamous international hacker known only as Crypto X decided to focus his attention on an unsuspecting church in South Carolina.

After a bit of research, he chose to target a very large, non-denominational church organization called New Disciples Ministries on the assumption they would not have robust security or training for their staff.

Our unscrupulous hacker types up an email message made to look like an official message from a fictitious USPS employee and attaches a fraudulent notice of no-delivery. He sends this phishing email to every employee and contact email address he could find associated with New Disciples Ministries.

The church secretary, a lady by the name of Mary, was one of the employees who received the email. She fell for the trap and downloaded the attachment, unleashing Crypto X’s Trojan program into the church’s network.

The malware quickly spreads to every computer connected to the ministry’s network, effectively giving Crypto X uninhibited access to virtually all of the organization’s data, which includes credit card information, passwords, financial records, personal information about New Disciples Ministries parishioners, and more.

Crypto X gets right to work. He begins by making dozens and dozens of purchases using parishioner and ministry credit cards, being careful to keep the expenditures just below the threshold where they might alert the banks to suspicious activity.

He then begins listing the remaining credit card numbers and other personal info for sale to the highest bidders via black markets on the dark web, being sure to use untraceable currencies like Bitcoin to cover his digital tracks.

Because he knows it will almost certainly alert the ministry to the breach, the devious hacker saves the big heist for last.

Before anyone has had time to even notice what’s been happening, Crypto X wires an enormous amount of church money to a foreign account where he is then able to convert the money to bitcoins.

He accomplishes all of this in a matter of days. It isn’t until the ministry’s finance manager, a guy by the name of Tom, is notified of the wire transfer to an offshore account that anyone even realizes something is amiss.

What will happen to New Disciples Ministries in the wake of this massive cyber-attack? Find out in Crypto X Strikes Again! Part 3.

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